118th Congress · SENATE BILLBILL

S. 2224 — Stop Predatory Investing Act

“A bill to amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties.”

Taxation

Introduced Jul 11, 2023

Last action Apr 18, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jul 11, 2023

Step 2

Referred

Jul 11, 2023

Banking, Housing, and Urban Affairs · Finance

Step 3

Committee

Apr 18, 2024

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 3 actions

Apr 18, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Jul 11, 2023

Introduced in Senate

Jul 11, 2023

Read twice and referred to the Committee on Finance.